Book Review: Freakonomics â€“ Unexpected Comparisons Make Readers Think Twice
Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? What kind of impact did Roe v. Wade have on violent crime?
These questions and more are posed in Steven D. Levitt and Stephen J. Dubnerâ€™s â€œFreakonomicsâ€ a book which uses seemingly unthinkable comparisons to examine the economics which make up our everyday lives. It was these questions that interested me in the book, and caused me to check it out recently to find out exactly what conclusions the writers could draw based on such questions.
â€œFreakonomicsâ€ does not promise to have a unifying theme, but instead is completely made up of an economistâ€™s hypotheses about these questions, based on a variety of sources. Rather than present the reader with numbers and statistics, the writers use real life examples to work through some of these questions and find sensible answers.
While the book does not shy from making generalizations, and in some areas could be considered pretty controversial, while reading I found it pretty fascinating how the writers could compare these seemingly unrelated topics and leave the reader with some fresh thinking.
While â€œFreakonomicsâ€ wonâ€™t directly give you investment advice, it will give you a critical look at many factors that play into economics and society as a whole. If nothing else, it will teach you to not rely on your first impressions, or the assumptions you may have held for a long time. Instead, it encourages you to dig below the surface, examine the things you take for granted and not be afraid to ask seemingly strange, but potentially valuable questions. Itâ€™s certainly an interesting read!